ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ALTERNATIVE MINIMUM TAX Definition
ALTERNATIVE MINIMUM TAX (AMT) is an alternative tax which includes certain tax preference items that are added back into adjusted gross income. If higher than the regular tax, then the regular tax plus the amount by which AMT exceeds the regular tax is paid.
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PHYSICAL STOCK-TAKE see PHYSICAL INVENTORY.
DEFERRED CREDITOR see DEFERRED INCOME.